I learned something new today. I seem to continue to do that the more I look.
Why does the US wage war at the slightest ripple, anywhere in the world, and we just sit up here and take it?
Do you hear the sabers rattling on Iran?
A very similar rattling sound to Iraq. And you may say, “well, Iraq was responsible for the terrorist attacks on the World Trade Center… weapons of mass destruction right?
You should know better and I won’t even go there, because there is enough very valid data on-line and in your favorite bookstore to debunk such quite easily.
But why did we really invade Iraq and what does that have to do with Iran?
We all say, “OIL,” right?
Right, but there’s more to it. (It’s the dollar stupid.)
After the war in 1944 at a big meeting in Breton Woods N.H. USA, the big bankers put the world on the dollar as its reserve currency, replacing the British pound.
That means, that everybody trades in dollars, to keep it simple.
We had enough military muscle and ample gold in our reserves, so the world readily accepted our dollar – as good as gold. So, of course, with that “confidence” in place the door was opened to printing more money with no gold to back it. Yet, the idea remained – a dollar is as good as gold.
